How Do You Say “Nothing Burger” in Mandarin?

China disappoints investors with no new fiscal stimulus plans

Highlights

• China disappoints investors with no new fiscal stimulus plans

• Good chance of a bond-friendly core CPI number in Thursday’s report

• U.S. household credit demand is cooling off

• Lots of weakness beneath the veneer of last week’s jobs data

While We Were Sleeping

Suddenly, the risk-on trade not just hit a wall but has gone into reverse as Chinese…